Tax credits

Exploring a free filing system, encouraging taxpayers to take advantage of the EITC and issuing refunds for overpayments on unemployment are among the latest IRS policy stories.

The service is warning businesses to beware of schemes promoting abuse of the Employee Retention Credit.

Some Senate Democrats are pushing the Biden administration to impose tough limits on hydrogen tax credits they say will ensure the fuel lives up to its climate-fighting potential.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Members of the Senate and House introduced bipartisan legislation to build more housing with the credit.

The Inflation Reduction Act made major changes to the tax breaks available for clean energy activities.

The narrow requirements for qualifying for the electric vehicle tax credits are causing some consternation in the auto industry.

Commissioner Werfel defended the IRS's budget before Congress after House Republicans passed a bill that would eliminate much of its extra funding.

Dozens of other electric cars and trucks didn't make the cut, either because they aren't manufactured in the U.S. or don't use American parts and pieces.

Hundreds of billions of dollars in clean energy tax subsidies would be repealed by legislation to lift the debt ceiling introduced by the Speaker of the House.